State of Alaska Department of Revenue Has $13.01 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

State of Alaska Department of Revenue cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 245,009 shares of the financial services provider’s stock after selling 11,555 shares during the period. State of Alaska Department of Revenue owned 0.09% of Fidelity National Financial worth $13,008,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FNF. Victory Capital Management Inc. boosted its position in Fidelity National Financial by 195.2% during the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after purchasing an additional 2,818,001 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Fidelity National Financial during the first quarter valued at approximately $135,347,000. Norges Bank acquired a new position in Fidelity National Financial during the fourth quarter valued at approximately $41,212,000. Schroder Investment Management Group boosted its position in Fidelity National Financial by 1,029.1% during the fourth quarter. Schroder Investment Management Group now owns 716,554 shares of the financial services provider’s stock valued at $36,559,000 after purchasing an additional 653,091 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Fidelity National Financial by 182.5% during the third quarter. Citigroup Inc. now owns 926,963 shares of the financial services provider’s stock valued at $38,284,000 after purchasing an additional 598,847 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FNF shares. Barclays raised their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Stephens raised their price objective on Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Finally, Keefe, Bruyette & Woods cut their price objective on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.40.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the transaction, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $48.72 on Thursday. The firm has a market cap of $13.31 billion, a P/E ratio of 16.03 and a beta of 1.35. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1-year low of $34.96 and a 1-year high of $53.96. The business’s 50 day moving average is $50.30 and its 200-day moving average is $50.34.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. Fidelity National Financial’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. Equities research analysts predict that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.94%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.